In a 6/7/18 press release (via AECOM) AECOM and Greenland announce strategic cooperation to develop integrated delivery projects in People’s Republic of China and globally:
SHANGHAI, CHINA (7 June 2018) – AECOM, a premier, fully integrated global infrastructure firm, announced today it has signed a Memorandum of Understanding (MOU) with Shanghai Greenland Construction Group Co. Ltd., a subsidiary of Greenland Group (Greenland), a publicly-listed, Fortune 500 global company and among China’s largest, to explore long-term, joint opportunities for integrated delivery projects in the People’s Republic of China and globally.Looking more closely
Under the terms of the MOU, AECOM and the Greenland unit plan to coordinate on large-scale construction projects where integrated consultancy and comprehensive construction services are critical to ensure successful delivery.
Today’s agreement reflects the robust real estate development partnership between AECOM and Greenland. Over the years, the companies have collaborated on developments around the world, extending their reach beyond China, and with projects that are successively larger and more complex. In the United States, for example, the two companies successfully delivered the mixed-use, US$1.2 billion Metropolis development in downtown Los Angeles. AECOM provided project management services for the first phase of the project, which opened in 2016, as well as cost management for the second and third phases.
Most recently, AECOM has been delivering pre-construction services for Spire London, Greenland’s landmark development in the UK capital.
“Our cooperation with Greenland, which has thrived over several years, creates a strong foundation to explore an even wider universe of future opportunities,” said Daniel McQuade, president of AECOM’s Construction Services group. “Aligning our capabilities and resources more closely through the structure of the MOU we signed today enables us to provide a truly differentiated offering of integrated services, in a flexible and reliable manner.”
“The successful relationship we have with AECOM grows because it is built upon just that – success,” said Mr. Tong Sun, executive vice president of Greenland Holdings Group. “With China’s domestic construction industry expanding further and Chinese construction companies seeking to participate in more projects around the world, we foresee great potential for our offerings now and in the years to come.”
The fact that Greenland and AECOM are already working together domestically is, perhaps, a sign not to write off the latter regarding Atlantic Yards/Pacific Park.
Note that Metropolis in Los Angeles has not exactly been a hit, since Greenland is selling parts of it, and that Spire London has provoked concerns, as the Daily Mail noted in 5/27/17, since work stopped when it became clear that the upper floors of the 67-story tower lacked a seemingly needed--though not required--second escape stairwell.
AECOM bought Ellerbe Becket, the architect of the Barclays Center (the design--but not configuration--of which was revamped by SHoP) and, among other things, in 2016 proposed an enormous project in Red Hook that would require extending the subway there. It had revenue of approximately $18.2 billion during fiscal year 2017, while Greenland Group, the parent of Shanghai Greenland Construction, had sales of $44.8 billion in the most recent year, according to Forbes.
AECOM has big ambitions in China beyond Greenland. Global Construction Review noted 6/8/18 that "Last month Aecom hooked up with Chinese high-speed rail PPP pioneer Fosun for 'transit oriented developments' work in China."